Version 8.9 of PeopleSoft Enterprise Financial Management suite is available now, as are updated versions of Supplier Relationship Management (SRM) and Supply Chain Management (SCM) applications. Oracle had promised to continue to develop the various suites and not force a migration to its own E-Business Suite 11i.
Version 8.8 of PeopleSoft Enterprise shipped 20 months ago, when PeopleSoft was still an independent vendor and had already begun work on Version 8.9, said Oracle VP Rich Rodgers. The latest version shows Oracle's commitment to the PeopleSoft suite, he said.
The rollout also serves another purpose: offering a gateway for customers to eventually migrate to the Project Fusion suite of applications Oracle is developing.
Financials Management Release 8.9 has improved compliance with global accounting standards and best practices, including automated cash flow statement processes. There is also a new Financial Gateway tool, which centralises and streamlines payments and receipts processes.
Oracle has also added an Enterprise Asset Lifecycle Management application to help companies acquire, maintain and replace physical assets as cost effectively as possible. Those assets could include facilities infrastructure, equipment and real estate. The new functions are enabled by some of the assets obtained from the JD Edwards portfolio of applications that came with the PeopleSoft buy.
Oracle said it has also added 100 enhancements to version 8.9 SRM and SCM applications, including a supplier contract management module, that allows companies to craft and then enforce supplier contracts more efficiently.